Neoliberal corporate theory was deployed to defend Too Big to Bail banks

Evidence

This literature had a bearing on the crisis, since it was used to argue against aspersions cast that many financial firms were “Too Big to Bail,” and that the upper echelons in those firms were garnishing dangerously high compensation packages. Nothing succeeds like market success, and any recourse to countervailing power must be squelched. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 176

Categorization

• XREF: Connects to the reader’s goal of tracing how the thought collective weaponized doctrine post-2008 to shield banks. — connects to: European banks were too large for any national sovereign to rescue — Mark Blyth, Austerity: The History of a Dangerous…, 231; Neoliberalism inverted classical liberalism by defending monopoly and corporate power — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 175; Neoliberalism induces risk-bearing then blames the victims when risk fails — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 351 (+1 more)

Broader Connections

• Neoliberalism induces risk-bearing then blames the victims when risk fails #expands (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 351
• Neoliberalism inverted classical liberalism by defending monopoly and corporate power #corroborates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 175
• Neoliberal antitrust claims preceded the empirical work meant to support them #corroborates (0.72) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1175